i want to introduce also monique moyer director of the port. who she began -- became director of the port she noticed how much energy and funds were being focused on the northern waterfront and requested whether or not we could do more in the southern waterfront and i think these projects are an example of how we responded to that challenge, so monique moyer executive director. [applause] >> good morning and thank you. it is wonderful to see so many of our friends and supporters and hard workers here today. how many of you are here at heron's head for the first time? a show of hands. not many. that is terrific news. well welcome back. this is one of the greatest places in the city i am fond of saying. it's visionary. you heard about that from the mayor already and part of it is san francisco moving forward in a way that other cities just don't do. first and foremost other cities do not pass general obligation bonds of this type for a park and none for waterfront parks so we are already ahead of game that way, and we are proud of the generosity

infrastructure financing proceeds and a lot of credit goes to bran son and many of my preed says cor and is monique moyer that has gotten us to this point and right now we are looking to the establish a policy with the board of supervisors that gives us a -- to support this before looking at any particular project. we have present proposed policy to the capital planning committee on november 19th and we will go back for action this month and we are looking to the bring the city policy to the board of interferes in early 2013 and so as brad said i'll go over the policy and then brad will go over three major projects that we are proposing the use of i f d for. and so the port commission is very well aware in 1969, we got our 54 piers nine react activated and we have an extraordinarily large deferred maintenance problem in the magnitude of $2.2 million and what the port earned as an enterprise is not enough to deal with the assets and the defined problems and so one of our major strategies that the port has initiated in the last decade is to find other source and is so we can be successful leveraging the im

infrastructure financing proceeds and a lot of credit goes to bran son and many of my preed says cor and is monique moyer that has gotten us to this point and right now we are

i can't let it go further without thanking monique moyer for what she and her folks have done to make this such a wonderful fleet week. (applause) >> our next welcomer, and this has really been exciting for me because i didn't think it would happen, but it came last year and he's become a great supporter and he happens to be the supervisor where most of the activities are taking place in the city. but he's also the president of the board of supervisors. i'd like you to welcome david chiu. (applause) >> glad to have you here. >> glad to be here. good morning. on behalf of the san francisco legislative body, our board of supervisors, i want to welcome you to our city of san francisco. and i first want to also echo what our fire chief just said as far as welcoming all of you who have been serving our country and the world in uniform. i want to thank those of you who helped to run our first responder departments around the bay area. i want to thank those of you who are our volunteers, our note programs here. and of course want to thank and welcome our san francisco secretary of state and